Five things you need to know about Organisation Culture
What is Organisational Culture: In simple terms, Organisational Culture is the way in which people in an organisation relate to each other, their work and the outside world, in comparison with other organisations. Your Organisational Culture shows how your organisation works: how things get done, the interactions between people, and employee relationships to their work and the outside … Continue reading Five things you need to know about Organisation Culture
How organisational culture and national culture impact your organisation
Think of a typical restaurant experience and how it plays out in each country you have visited. From how the food is produced to how it is presented in a restaurant as well as the social etiquette you have to follow at that restaurant. Just that one experience is a reflection of how culture is … Continue reading How organisational culture and national culture impact your organisation
Why an ESG strategy is critical for a ‘future-proof’ corporation
In September 2021 shareholders of Exxon Mobil stunned Industry observers when they elected two Directors nominated by a coalition of investors who believed the company need to move towards cleaner energy. “How the industry chooses to respond to this clear signal will determine which companies thrive through the coming transition and which wither.” Andrew Logan, … Continue reading Why an ESG strategy is critical for a ‘future-proof’ corporation
Building a flexible organisational culture for a transformative era
82% of millennials said that they consider the workplace’s technology when deciding whether or not to accept a position and 45% of this group are likely to quit a job with sub-par technology. Blended work environments might have become the norm in a post-pandemic world, but these findings pertain to Dell and Intel’s third Future … Continue reading Building a flexible organisational culture for a transformative era
5 tips to manage global virtual teams more effectively
The pandemic has exacerbated virtual working environments like no other event has done before. While many companies have shifted from a WFH model to hybrid work models, business travel is unlikely to hit pre-pandemic levels any time soon, if ever. This is likely to have a lasting impact on how global virtual teams are managed. … Continue reading 5 tips to manage global virtual teams more effectively
Six steps to build the perfect organisational culture
94% of executives and 88% of employees believe a distinct workplace culture is important to business success. This was one of the key findings of a Deloitte survey on core beliefs and culture. The survey’s findings confirmed that there is a strong correlation between employees who say they are “happy at work” and feel “valued … Continue reading Six steps to build the perfect organisational culture
Eight benefits of a well-defined organizational culture
A Gartner survey in 2021 revealed that 91% of HR leaders are concerned about employee turnover in the immediate future. According to this survey, nearly 50% of employees hired over the last 12 months had two additional job offers. Another Gartner survey of 1,609 candidates between May and June 2021 found that nearly half of … Continue reading Eight benefits of a well-defined organizational culture
Six factors that contribute to organizational culture
According to PWC’s ‘Global Culture Survey 2021’, 69% of senior leaders credit much of their success during the pandemic to culture. This survey spanned 3,200 workers in more than 40 countries and revealed that strong cultures drive better business outcomes. The report adds that during a year that necessitated major changes for companies around the … Continue reading Six factors that contribute to organizational culture
Dangers of not taking an active approach to organization culture
According to a study by PWC in 2021, a majority (69%) of senior executives credit their success during the pandemic to culture. The 2021 Global Culture Survey by PWC interviewed 3,200 leaders and employees worldwide during a period that necessitated major changes for companies around the world. More than two-thirds of respondents said that their … Continue reading Dangers of not taking an active approach to organization culture
What is Organizational Culture: Importance, Types, Meaning, Definition and how to build it
1. What is Organizational Culture: Organizational Culture is the way in which people or employees in an organization relate to each other, their work and the outside world, in comparison with other organizations. Your Organizational Culture definition or Corporate Culture shows how your organization works: how things get done, the interactions between people, and employee relationships to … Continue reading What is Organizational Culture: Importance, Types, Meaning, Definition and how to build it
The Future of Work and Organizational Culture
50% of India leaders agree there is a need to plan for multiple possible futures around the workplace and workforce but cost pressure and the fear of setting a precedent holds them back from taking action. India leaders increasingly agree that the workplace – which in the past was for the people – has now evolved into … Continue reading The Future of Work and Organizational Culture
Strategy or Culture – which comes first?
A 2022 Gallup survey revealed that employee engagement in the U.S. saw its first annual decline in a decade - dropping from 36% engaged employees in 2020 to 34% in 2021. This trend continued into early 2022, falling further to nearly 32%. The drop is significant, since employee engagement has been trending up in recent … Continue reading Strategy or Culture – which comes first?
What are the Key Elements of an Effective Cross-cultural Training Program?
We know that the world is becoming more globalized and interconnected every day. As a result, it’s essential for businesses to understand the importance of cultural competence and diversity in the workplace.
Why Intersectionality is Important in D&I Efforts
Intersectionality was first coined by legal scholar Kimberlé Crenshaw in 1989, in reference to the ways in which Black women experience both racism and sexism in unique and interconnected ways.
How to Effectively Measure the Success of your D&I Initiatives
Diversity and inclusion (D&I) initiatives are becoming increasingly important for organizations, not only to promote fairness and equality, but also to improve business outcomes.
How can Cross-cultural Training Improve Team Communication and Collaboration?
In today’s globalized world, cultural diversity in the workplace is becoming increasingly common. The market for cross-cultural training is expected to grow at a CAGR of 7.05% from 2022 to 2027. This highlights the increasing need for organizations to allocate resources towards such training programs.
Why Is Employee Engagement Important For Organizational Success And How Can It Be Improved?
Employee engagement is a crucial factor that can make or break an organization’s success. It refers to the extent to which employees feel committed to their jobs, their colleagues, and the organization as a whole. Engaged employees are more productive, innovative, and loyal to their employers, which can lead to better business outcomes.
How Can Organizations Successfully Implement a Culture Change Initiative?
Cultural change initiatives are critical to the success of organizations in today’s rapidly evolving business landscape. Organizations must be willing to embrace change and adapt their cultures to remain competitive and meet the evolving needs of their customers, with 46% of job seekers looking for company culture as an important factor when applying for jobs.
How can organizations improve Cross-cultural communication to enhance collaboration & productivity?
In today’s globalized world, cross-cultural communication has become an essential component of any organization’s success. As companies expand their operations across the globe, they encounter a diverse range of cultures, languages, and beliefs.
What is the Impact of Organizational Culture on Productivity and Profitability
In today’s highly competitive business world, productivity and profitability are two crucial factors that determine the success of an organization. However, these factors are highly influenced by the organizational culture that prevails within the company.
What are the Most Effective Strategies for Transforming an Organization’s Culture?
Organizational culture is the collective behavior, beliefs, and values of an organization. A positive organizational culture can increase employee engagement, retention, productivity, and overall success.
What are the Best Practices for Building a Positive Organizational Culture?
In today’s competitive business environment, building a positive workplace culture is no longer just a bonus but a crucial element to attracting and retaining top talent, enhancing productivity, and driving business success.
How Can I Measure and Track Changes in my Organization’s Culture?
Measuring and tracking changes in organizational culture is essential for organizations to understand how their culture impacts employee engagement, productivity, and overall business success. A positive workplace culture can lead to increased employee satisfaction, retention, and profitability.
How can I Improve Employee Engagement and Retention Through Organizational Culture?
Have you ever wondered why some companies have a high employee turnover rate, while others have a loyal workforce that stays with the company for years? The answer lies in retention strategies through organizational culture.
The Influence of Corporate Social Responsibility on Organizational Culture
Corporate social responsibility (CSR) is a business practice that focuses on creating positive change in communities and the environment. CSR initiatives can take many forms, such as donating to charitable causes, implementing environmental protection policies, providing employee volunteer programs, or investing in job training.
The Importance of Employee Engagement in Building Strong Organizational Culture
Employee engagement is becoming increasingly important for organizations to foster a successful and productive work environment. It involves creating a culture in which employees feel connected to an organization’s mission, values, and goals.
The Impact of Transformational Leadership on Organizational Culture
Transformational leadership has been identified as a crucial factor in shaping organizational culture. Leaders who exhibit a transformational leadership style inspire and motivate their followers to achieve common goals, encourage innovation and creativity, and foster a positive work environment.
The Connection Between Employee Engagement and Organizational Culture
Employee engagement has become a critical issue for organizations in today’s business environment. It refers to the level of emotional connection employees have with their work, colleagues, and company.
How To Effectively Manage Organizational Change: A Step-By-Step Guide
Organizational change can be a daunting and challenging undertaking, especially for businesses that are already dealing with daily operations. But if managed effectively, it can lead to long-term business success and growth
7 Proven Steps For Successfully Managing Culture Change In Your Organization
Although organizational change management processes can help you successfully bring about cultural changes, there are also some common challenges to keep in mind. These include:
How To Lead A Successful Organizational Culture Change?
Organizational culture change is a difficult and daunting task. It requires strong leadership, clear communication, and strategic planning to ensure that the desired changes are implemented
6 Benefits of Workplace Diversity, How To Create A More Inclusive Environment
Diversity in the workplace brings with it several benefits- both tangible and intangible. Let’s look at 6 of these benefits in detail:
Customer Story – Noor Bank
In 2018, Hofstede Insights had the opportunity to assist Noor Bank’s bank-wide culture transformation. Noor Bank was awarded the prestigious “Best Transformation and Strategy 2019” and CEO John Iossifidis the award for “Best Transformation Leader”.
M&A and Culture in India
India is likely to be the world’s fastest growing large economy this year (The Economist, May 2022). There is an ever-increasing number of Indian organisations who are partnering with organisations from other nationalities. Often, the same organisations are simultaneously collaborating and competing in different markets or product segments. In this melting pot of multi-dimensional relationships among … Continue reading M&A and Culture in India
Negotiation – The Indian way !
India is a fast-growing economy and in today’s networked world India is increasingly becoming an economic force to recon with. An ever-increasing number of people from halfway around the world are finding themselves across the table (or these days across computer screens!), negotiating business deals with their counterpart coming from this mystic land of apparent … Continue reading Negotiation – The Indian way !
The Culture Factor in a Multinational Organization
Several years back when I was helping a large Indian multinational company to build one global corporate identity across 20 countries, one of their American leaders told me that recently
Cross Cultural Communication: Who is right and Who is wrong?
GmbH is a large multi-national Automobile design and Manufacturing company headquartered in Germany. In Global Shared Service (GSS) organization
Changing Organizational Culture – why is it so difficult? Part -2
Changing Organizational Culture – why is it so difficult? (Part 2) Clearly before you go about changing the Company culture you need to be equipped with enough data on 2 distinctive stages of your Culture, 1. The Current state of the Culture 2. The Target state of the Culture If one goes around the company … Continue reading Changing Organizational Culture – why is it so difficult? Part -2
Changing Organizational Culture – why is it so difficult? Part – 1
Changing Organizational Culture – why is it so difficult? (Part 1) Organizational Culture is all pervasive in an organization. It is intricately woven into every layer of the organization. Built over a period right from its inception, it is shaped and influenced by several elements. Some of them are: Promoter / Founder CEO and the … Continue reading Changing Organizational Culture – why is it so difficult? Part – 1
What are the drivers of Organizational Culture
In a recent survey published in Forbes undertaken by The Alternative Board, 39% of respondents concluded that Management style is the key driver for Organizational or Company Culture. Employee experience weighed in second with 30% respondents and Company reputation garnered 18%. This survey of small businesses across industries also revealed that Business owners impacted culture … Continue reading What are the drivers of Organizational Culture
Does your Organization support a culture of innovation?
A recent revealed that most companies look inward for their innovation spark. The Deloitte Innovation Study 2021 surveyed business leaders from the fields of innovation, technology and business functions from a diverse set of industries, sizes and business models. The study reported that many programs kick off their process by looking internally for opportunities to … Continue reading Does your Organization support a culture of innovation?
All you need to know about the different types of Organizational culture
A 2021 PWC survey revealed that a strong Organizational Culture drives better business outcomes. The overriding consensus is that a 69% of senior leadership surveyed credit much of their success during the pandemic to culture. Almost 70% who said that their organizations were able to adapt over the past year also reported that their culture … Continue reading All you need to know about the different types of Organizational culture
Culture Insights – Edition 2: ‘Why an ESG strategy is critical for a ‘future-proof’ corporation’
The second edition of Culture Insights, a new video podcast series from Hofstede Insights India addressed a challenge many large organizations are confronted with. Culture Insights will explore evolving trends and the multiple facets of Organizational Culture. At Hofstede Insights we are focused on aligning Organizational Culture with Business Strategy and Purpose. The second edition … Continue reading Culture Insights – Edition 2: ‘Why an ESG strategy is critical for a ‘future-proof’ corporation’
What is the optimal Organizational Culture?
As a global firm that works with leading corporates in the Organizational Culture space, there’s one question that we get asked a lot – “What is the perfect Organizational Culture?” In March 2022, a report from the company review site Comparably revealed its annual rankings of the companies with the best workplace culture. This ranking … Continue reading What is the optimal Organizational Culture?
The Role of leadership in Organizational Culture
A global survey of business leaders and employees by PWC in 2021 revealed that the pandemic has revealed that Organizational culture played a big part in lending companies a competitive edge during this challenging phase. At Hofstede Insights, we believe that leaders determine a great deal of what happens in an organization. This is particularly … Continue reading The Role of leadership in Organizational Culture
Why you need an optimal Organizational Culture for your ESG strategy to succeed
According to a report released by the US Business Roundtable in August 2019 Global sustainable investment now tops $30 trillion—up 68 percent since 2014 and tenfold since 2004.The acceleration has been driven by heightened social, governmental, and consumer attention on the broader impact of corporations, as well as by the investors and executives who realise … Continue reading Why you need an optimal Organizational Culture for your ESG strategy to succeed
How an optimal organizational culture can drive your safety culture
In the period between May 2020 and June 2021 India registered a total of 116 Industrial accidents in chemical and mining industries across the country. It highlights the need for a culture of safety. Can an optimal Organizational culture drive a culture of safety management? Let’s start by defining safety culture. Safety culture defined According … Continue reading How an optimal organizational culture can drive your safety culture
A successful digital transformation needs an optimal Organizational Culture
International Data Corporation (IDC) reported that global spending on the digital transformation (DX) of business practices, products, and organizations is expected to hit $1.8 trillion in 2022, an increase of 17.6% over 2021. According to the latest update to IDC’s Worldwide Digital Transformation Spending Guide, DX spending will sustain this pace of growth over the … Continue reading A successful digital transformation needs an optimal Organizational Culture
Culture – defined
We’ve seen a resurgence in interest across the world around Organizational Culture at a time when many large global corporations continue to operate in virtual or blended work environments. Research by Gartner revealed that 70% of HR leaders in a pre-pandemic world were confident they knew the culture their organization needed to propel business performance. … Continue reading Culture – defined
How organizational culture works without an office
In a global survey conducted with CIOs, respondents stated that fully remote work will likely transition to hybrid work in the future. About 15 to 16 percent stated their companies’ workforce worked remotely prior to the pandemic, and as of late 2020, 34 percent of respondents expected the workforce to be working remotely permanently. By … Continue reading How organizational culture works without an office
Can start-ups establish the optimal Organizational culture as they scale up Culture Insights – Edition one
The first edition of Culture Insights, the all-new video podcast from Hofstede Insights India addressed a challenge many start-ups are confronted with. Culture Insights will explore evolving trends and the multiple facets of Organizational Culture. The first edition featured Akhilesh Mandal (Managing Director India, Hofstede Insights) in conversation with Manu Parpia (Business Consultant / Former … Continue reading Can start-ups establish the optimal Organizational culture as they scale up Culture Insights – Edition one
Can AI augment your Organizational Culture?
A pre-pandemic report by McKinsey predicted that AI has the potential to deliver additional global economic activity of around $13 trillion by 2030, or about 16 percent higher cumulative GDP compared with 2018. This amounts to 1.2 percent additional GDP growth per year. This McKinsey survey was published around the same time as Pernod Ricard, … Continue reading Can AI augment your Organizational Culture?
Scrum & Culture Series – Episode 1
Episode 1 of the scrum and culture series. In this webinar, we pick one specific aspect; the influence of values around perceived hierarchy between people and the interpretation of respect. We conclude with 5 recommendations on how to improve effectiveness in a Dutch/Indian team.
Scrum & Culture Series – Episode 2
Episode 2 of the Scrum and Culture series on the impact of national culture differences on scrum implementations, to helps international organisations introduce scrum effectively. In this webinar, we pick one specific aspect; the influence of values around communication and openness through a case study. We conclude with 5 recommendations on how to improve effectiveness … Continue reading Scrum & Culture Series – Episode 2
Hofstede Insights India – Launch Event
On November 24, we celebrated the launch of Hofstede Insights India. Watch the recording of the event below and do feel free to use the contact form below if you would like to discuss further.
Secrets of business success in India
This is a 60 min webinar to give you insights into creating successful business dealings with India with the help of 2 case studies. This webinar is based on a full program offered by Hofstede Insights.